Turkmenistan Economic News

Turkmenistan’s Foreign Trade Turnover Grows
Turkmenistan's foreign trade turnover increased by 42.8 percent and exceeded $20 billion, Turkmen President Berdimuhamedov said at the meeting of the Cabinet of Ministers dedicated to trade activity during the first eight months of 2012, the Turkmen government reported on September 8. Iran, Russia, China, Georgia, Italy, Turkey, Afghanistan, and other foreign countries are major exporting countries for Turkmenistan. Turkey, China, Russia, the United Arab Emirates, Iran, France, and Germany are dominant importing countries for Turkmenistan.
Source: trend.az

Turkmenistan to Annul Contract with Iranian Company and Construct Railroad to Iran Itself
In January 2010 Turkmenistan signed a contract with Iran’s Pars Energy to build a section of the North-South railroad (Bereket-Etrek), which was to be completed by last December. The company did not fulfill its obligations, and after negotiations with officials in Iran, President Berdymukhamedov decided to terminate its contract with Pars Energy and find another company to complete the project, reported the Turkmen government. The completed railroad will open the way from Central Asia to the Persian Gulf and from Europe to Asia. Similarly, goods will be more easily transported from South and South-East Asia and the Indian Ocean to Europe - through Iran, Turkmenistan, Kazakhstan, and Russia.
Source: trend.az

Turkmenistan and Romania Discuss Joint Transport Projects
On September 4, President Berdymukhamedov received the Romanian Minister of Economy, Commerce, and Business Environment, Daniel Chitoiu. The parties exchanged views on the transit potential of the two countries. In particular, they discussed the ties between the port of Turkmenbashi and Romania’s Constanta. Also on September 4, Ashgabat hosted a meeting of the intergovernmental Turkmen-Romanian Commission for Economic, Scientific and Technological Cooperation. The Romanian delegation included business people from about 40 companies. Transport was one of the main topics of this event.
Source: trend.az

Turkmenistan and Thailand Discuss Economic Cooperation
On September 8, representatives of Turkmenistan’s Foreign Ministry held talks with Thailand’s Deputy Foreign Minister, Jullapong Nonsrichai, who arrived to Ashgabat on an official visit. During the meeting ministry representatives discussed intensification of trade and economic partnership, strengthening of cultural and humanitarian cooperation, and essential issues of world and regional politics of mutual interest, reported Turkmenistan’s Foreign Ministry.
Source: trend.az

Ashgabat to host meeting of CIS Economic Council
On September 14, Ashgabat is to host the 55th session of the Commonwealth of Independent States’ (CIS) Economic Council to discuss more than 20 issues pertaining to cooperation developments, reported the CIS Executive Committee. Topics include anti-terrorist activities on CIS railways; the creation of patents and innovations bank; the implementation of the CIS energy cooperation plan; joint activities within the CIS intergovernmental council on exploration, exploitation and protection of natural resources (2011-2015); the establishment of a CIS regional advisory body within the Financial Stability Council, etc.
Source: trend.az

Turkmen president to visit Latvia
Turkmen President Berdymukhamedov will pay an official visit to Latvia on September 11-12, 2012, an official Turkmen source said today. Several bilateral documents will likely be signed following the Turkmen-Latvian talks. The agreements are aimed at strengthening relations and cooperation between the two countries.
Source: trend.az